Ironman8848

Ironman8848 Updated 

URANIUM IS A MEDIUM/LONG TERM BUY WITH A STORY BEHIND IT !!! M1 : BREAKOUT OF THE CLOUDS ON A MONTHLY BASIS Plenty of space on the upside. Begin to buy a LONG STRATEGIC POSITION AT CURRENT LEVEL Investment vehicle : ETF URA (last price $ 21.35)

Ironman8848 Updated 

H1 : Recent price action is triggering a triangle formation in progress, above the clouds A BREAKOUT CONFIRMATION WOULD IMPLY A MOVE OF 4'763 PTS 1) Bullish scenario Upside breakout + 4763 would give a target @ around 47'000 2) Bearish scenario Downside breakout + 4763 would give a target @ around 35'650 Watch carefully the MBB level, currently @ 40'795, which is...

Ironman8848

M1 : Roughly at the 61.8 % Fib ret (0.3941 W1 : Weekly pivot level @ 0.4715 D1 : In an ongoing downtrend; recovery from the bottom purely corrective, Below the cluster H4 : Below the clouds and below the Mid Bollinger Band. Watch 0.4200 on the upside and 0.3700-0.3650 on the downside. A breakout of one of those levels will give the direction for the...

Ironman8848

M1 : Currently traded roughly at the 38.2 % Fib ret level of 2735 W1: Weekly pivot level is @ 3'436 D1 : Yesterday's price action triggered an attempt to reenter in the former downtrend channel. Closing level was below the base of this former channel ! Watch today's closing to get more clues on this time frame H4 : Failure to recover both above the Mid Bollinger...

Ironman8848

M1 : Global picture is still showing a broad trend reversal with an ongoing long black candle in progress ! W1 : Currently below the weekly pivot level @ 40'550 D1 : Yesterday's flash crash triggered a very high volatility (43'000 to 30'066) then up above 40'000 with a closing level @ 36'780. Today's ongoing candle is showing a new recovery attempt. A daily...

Ironman8848 Updated 

M1 : Nice reversal since the peak @ 0.7414... 61.8% Fib ret g 0.3942 W1 : Currently below the W1 pivot level @ 0.4715 Ongoing candle is showing a long black candle and a failure to recover and hold aboe 0.4715 on a W1 basis would be very negative. D1 : Ongoing downtrend, below the cluster (MBB, KS and TS) Watch at the 40.00 area as the next significant support...

Ironman8848 Updated 

M1 : First significant support on M1 @ 2735 W1 : Currently below the weekly pivot level @ 3'436 Watch 2'950 as the next significant support level on this time frame D1 : In a ongoing downtrend channel, currently below the cluster (TS, MBB and KS) 50 % Fib ret filled for the second time, 61.8 % Fib ret @ 2'873 which coincides with the clouds support zone ! H4 :...

Ironman8848 Updated 

M1 : Ongoing trend reversal in progress. 38.2% Fib ret @ 41'575 filled. Low so far being 40'548. Next target on this time frame is @ 37'360 ahead of a very strong support @ 34'372. W1 : KS @ 40'550 hold... for the time being D1 : Failure to recover above the D1 pivot level @ 45'000 increased the expected selling pressure. Global picture is showing a primary broad...

Ironman8848

M1 : In an ongoing bearish downtrend channel. Watch clouds resistance (31.20) & 23.6 % Fib ret(31.90) as pivot levels on this long term time frame W1 : Below the clouds and currently attempting to recover above the Mid Bollinger Band with TS, slightly above it A weekly closing level above those 2 levels, above mentioned, would be a first warning confirmation of...

Ironman8848

M1 : Resistance downtrend line of the channel under attack. Above TS. Next resistance level @ 1895 ahead of 2028, 2136 and 2244 W1 : Downtrend resistance line breakout in progress and more important, top of the clouds under attack too. A weekly closing above 1880 would be seen as positive in opening the door for the targets above mentioned. D1 : Above the...

Ironman8848

M1 : Ongoing trend reversal in progress W1 : Currently, below the Mid Bollinger Band D1 : Below the clouds. Recovery attempt. Pivot level @ 45000 (D1 closing basis) H4 : Potential double bottom in progress ! Trigger @ 45'850 H1 : Above cluster. Double bottom trigger level (45'850), also coincides with H1 clouds resistance area M30 : Attempting to breakout the...

Ironman8848

M1: Ongoing trend reversal which has been triggered by a doji pattern, Current candle is for the time being confirming this bearish price action (long black candle). In addition, the 38.2 % Fib ret @ 45575, has nearly been reached, low so far being 42'185. Monthly closing level at the end of May will be crucial !!! W1 : Last W1 closing @ 46'444 is below the Mid...

Ironman8848 Updated 

M1 : Ongoing trend reversal in progress. Pivot level on M1 closing @ 52'021. 38.2% Fib ret @ 41'575 ! BULLISH ABOVE BEARISH BELOW W1 : 48680 on W1 closing is VERY IMPORTANT ! D1 : 2 dojis on a row ! Ongoing candle is currently attempting to breakout the support line in green. Watch carefully at today's closing level and a failure to hold above the 49'000 area...

Ironman8848

M1 : Still in its ongoing uptrend channel. May closing level will give clues for June. W1 : Under the influence of a major double top formation trigger level being @ 12'207 Last week price action triggered a low of 12'915 which hold Kijun-sen level ! Nice recovery triggered by this rejection and as a result W1 closing level is above the cluster of MBB and TS.. but...

Ironman8848

M1 : 50 % Fib Ret @ 1.8060 % nearly reached, high seen so far being 1.7740 % in March. W1 : Sideways 1.4840 % -1.7740 % trading range Currently traded below Tenkan-Sen (conversion line) D1 : Still under the influence of a former double top formation and failure to hold above the clouds is likely to trigger further downside in the coming session (s) Interesting to...

Ironman8848 Updated 

H4 : In an ongoing downtrend price action, far away below the clouds ! In addition, there is a symmetrical triangle formation in progress on which a breakout will give the following implications : UPSIDE BREAKOUT : + 5720 , Target around 56'000 (also clouds resistance area !) DOWNSIDE BREAKOUT (expected !) : - 5720, Target around 42'500 (VERY IMPORTANT SUPPORT...

Ironman8848 Updated 

M1 : Far above the clouds ! Ongoing bearish price action, currently below the monthly pivot level @ 52021. May closing will be important for further development ! W1 : Far above the clouds too ! Support trend line of the ongoing uptrend channel has been briefly broken overnight in reaching a low so far of 45'700, also moving briefly below MBB, currently @...

Ironman8848

M1 : ATH @ 4036; Ongoing trend reversal in progress ! W1 : Bearish engulfing in progress (wait W1 closing for confirmation) TS under attack, first significant support @ 3765 ahead of 3597, 3462 and 3326 (clouds support zone in this time frame) D1 : Double top formation in progress coupled with a bearish divergence trigger level @ 3882 (which should be confirmed on...